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17th Oct 2014 EUR/USD Analysis

17th Oct 2014 EUR/USD Analysis

dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, referendum, spain, U.S Dollar, USD, EUR/USD outlook, EURUSD forecast Previous resistance turned support as rebound occurred at 1.2700. EUR/USD is resisted at 1.2848 en route to 1.2900

 

dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, referendum, spain, U.S Dollar, USD, EUR/USD outlook, EURUSD forecast As previously mentioned, the lack of traction failed to push EUR/USD above the 200 moving average as support at 1.274 formed lower highs and higher lows. A close above 1.2848 would be a sign to watch.

dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, referendum, spain, U.S Dollar, USD, EUR/USD outlook, EURUSD forecast Retracement yesterday failed to form lower highs as 1.2825-1.2848 remains the selling zone as investors weighed the intended direction of the EUR/USD

Global risk appetite is on the wane as five years have lapsed since the world recovered from recession, the central banks have virtually exhausted their stimulus arsenals to boost inflation. The doubts over the strength of the U.S economic powerhouse to lift the gloom across the world remained evident across financial markets today. European stocks fell for an eighth day in the longest sustained battering since 2003 as comparatively demand for U.S Treasuries rose. Bonds from Greece to Spain slid while the dollar strengthened.

Jobless claims decreased by 23,000 to 264,000 in the week ended Oct. 11, the fewest since April 2000 but surprisingly the markets were not responding positively to this data, despite the drop being unexpected.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight Bullish / Near Resistance1.26561.271.2741.28481.291.2989

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